Artificial intelligence (AI) has been the most progressive technology since its introduction in the 1950s. It is associated to human intelligence with similar characteristics, such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of such technology. It is positioned as the core of the next-generation software technologies in the market.

The growth of the global artificial intelligence chip market is driven by increase in demand for smart homes, development of smart cities, and emergence of quantum computing. However, development of smart cities restrains the market growth. Further, in the near future, increased adoption of AI chips in the developing regions and development of smarter robots are expected to create lucrative opportunities for the key players operating in the global artificial intelligence chip market.